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Looping whale sells 288.1 cbBTC in panic, then buys back 203.6 at higher price

NewsFeeds update

Onchain analyst Yu Jin says the looping whale 0xc79b panic-sold 288.1 cbBTC for $77,592 each ($22.4m) after the Binance hack, then bought back 203.6 cbBTC at $77,804 ($15.9m) during the previous night's drop, still above its sale price.

BitcoinPANewsAIBearish

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The story so far: Looping whale cbBTC trades

On-chain analyst Yu Jin reported the looping whale 0xc79b sold 200 cbBTC for $15.5m at $77,458, coins bought at an average of $68,750. The whale later panic-sold 288.1 cbBTC for $22.4m after the Binance hack, then bought back 203.6 cbBTC at $77,804.

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  1. Looping whale sells 200 cbBTC for $15.5m at $77,458, says Yu Jin

  2. Looping whale sells 288.1 cbBTC in panic, then buys back 203.6 at higher price

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